Seattle, United States -- (SBWIRE) -- 12/09/2016 -- According to a new market research report "Enterprise Synthetic Application Monitoring Market by Monitoring Type (API Monitoring, SAAS Application, Mobile Application, and Web Application), Service (Managed and Professional), Deployment, Organization Size, Vertical - Global Forecast to 2021", published by MarketsandMarkets, the enterprise synthetic application monitoring market size is estimated to grow from USD 919.2 Million in 2016 to USD 2,109.7 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 18.1%.

The major forces driving this market are the growing need for monitoring and management of numerous complicated applications, rising need for DevOps, and assurance of meeting the Service Level Agreements (SLA's) . In addition, the growing need for deployment of enterprise application on third-party platforms with enhanced monitoring solutions helps to boost the adoption of enterprise synthetic application monitoring solutions.

Application Programmable Interface monitoring type is expected to grow at the highest CAGR in the enterprise synthetic application monitoring market

API monitoring is instrumental in reliable monitoring and holding accountable third-party API 's and quickly isolate a problem of a specific third-party API's performance and availability for application development helping to troubleshoot the performance problem of applications by providing detailed diagnostics solution. The rising adoption of API for enhanced application development with DevOps is also driving the need for API monitoring to ensure enhanced and reliable performance and availability of applications.

Professional services segment is expected to hold the largest market share in the enterprise synthetic application monitoring market during the forecast period

Professional services in end-to-end monitoring involves the procedure of collection of data from multiple heterogeneous application sources to provide transaction analysis across multiple, distributed business areas. The professional services team offers comprehensive services via the latest techniques and tools, skills, knowledge, and strategies, to address the organization's monitoring and security needs. They also offer customized implementation, risk assessment, and assist with deployment via industry-defined best practices.

North America is expected to contribute the largest market share; Asia-Pacific (APAC) to grow at the highest rate

North America is expected to hold the largest market share and dominate the enterprise synthetic application monitoring market from 2016 to 2021, due to the growing adoption of emerging technologies such as DevOps, cloud computing, Software as a Service (SaaS)-based applications, and Bring Your Own Device (BYOD). This enforced the end users to adopt sophisticated enterprise synthetic application monitoring solutions with innovative features such as real-time analysis, advance analytics, and log management. APAC offers potential growth opportunities for the enterprise synthetic application monitoring market to grow, as countries in the region are investing heavily in the evolving advances technologies such as big data, DevOps, and Internet of Things (IoT). APAC is witnessing high adoption in this market primarily due to the awareness of the need for reliable and pro-active monitoring solutions among enterprises, especially form verticals such as Banking, Financial Services, and Insurance (BFSI), IT and telecom, and retail.

About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.